Published Paper

Inserted: 8 oct 2022
Last Updated: 22 aug 2023

Journal: J. Funct. Anal.
Year: 2023

Abstract:

In this paper we propose two new monotonicity conditions that could serve as sufficient conditions for uniqueness of Nash equilibria in mean field games. In this study we aim for unconditional uniqueness that is independent of the length of the time horizon, the regularity of the starting distribution of the agents, or the regularization effect of a non-degenerate idiosyncratic noise. Through a rich class of simple examples we show that these new conditions are not only in dichotomy with each other, but also with the two widely studied monotonicity conditions in the literature, the Lasry-Lions monotonicity and displacement monotonicity conditions.